Retail sales and public finance data from the U.K. along with producer price inflation data from Germany are due on Thursday, headlining a moderate day for European economic news. All times in ET.
Wednesday was light on major economic news, wit
Japanese all industry activity grew unexpectedly by 0.1% month-on-month in June, unchanged from the prior growth, data from the Ministry of Trade, Economy and Industry showed Thursday. Economists were expecting a 0.3% fall.
Construction activit
The Bombay Stock Exchange’s (BSE) benchmark index, the Sensex, closed 1.2% higher on Wednesday on stock-specific buying, supported by firm Asian equities, but dealers said the rally did not hold much conviction due to lack of any immediate domestic trigge
The rupee strengthened for a second day as overseas investors added to their holdings of local stocks on all but one of the 30 trading days through August 16.
The rupee appreciated 0.2% to 46.5775 per dollar at the close of trade on Wednesday.
According to a survey by the Japan Ferrous Raw Materials Association, Japan’s domestic market prices of locally available ferrous scrap averaged JPY 26,820 per tonne delivered steelworks for No2 HMS in the Kanto, Chubu and Kansai areas in the second week
Japan’s Nikkei average rose 1.3 percent on Thursday, buoyed by short-covering, but the yen’s overall strength against the dollar kept further gains in check.
Investors are awaiting the outcome of Monday’s meeting between Prime Minister Naoto Kan
The Bank of Japan is lining up its options in case it needs to ease monetary policy next month but is in no mood to act now, sources said, despite speculation the strong yen may nudge it to act before its September rate review.
Rumours that the B
German annual producer price inflation continued to increase in July, a report by the Federal Statistical Office showed on Thursday.
The producer price index, or PPI, rose 3.7% year-on-year in July, faster than a 1.7% growth in the previous mon
Malaysia’s coincident index, which measures current economic activity, remained unchanged at 122.4 in June, the Department of Statistics said Thursday. Three components that contributed to the decrease were industrial production, real salaries and wages i
Hong Kong shares jumped 1.22 percent by the break as investors were upbeat about upcoming earnings results from local blue chips.
The Hang Seng Index rose 256.28 points to 21,279.01 on turnover of HK$32.23 billion.
